Which of the Following Statements Is FALSE

question 43

Multiple Choice

Which of the following statements is FALSE?

• A)After deciding to go public,managers of the company work with an underwriter,an investment banking firm that manages the offering and designs its structure.
• B)The shares that are sold in the IPO may either be new shares that raise new capital,known as a secondary offering,or existing shares that are sold by current shareholders (as part of their exit strategy),known as a primary offering.
• C)Many IPOs,especially the larger offerings,are managed by a group of underwriters.
• D)At an IPO,a firm offers a large block of shares for sale to the public for the first time.

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Definitions:

Visionary Leadership

Visionary leadership is a leadership style where the leader is able to articulate a compelling vision for the future, inspiring and motivating others to achieve long-term goals.

Budget

A plan that commits resources to projects or activities.

Vision

A future-oriented declaration of the organization's goals and aspirations, intended to guide its internal decision-making.

Corporate Strategy

The overall plan and direction devised by the management of a company to achieve long-term business objectives.